For those people who are just starting out, this article is important, it gives us a small introduction to what a cryptocurrency is.
A cryptocurrency is defined as a digital currency built with cryptographic protocols that make transactions secure and difficult to counterfeit.
Main feature of a cryptocurrency
The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain theoretically makes cryptocurrencies immune to old forms of government control and interference. Cryptocurrencies make it easier to conduct any transaction, as transfers are simplified by using public and private keys for security and privacy purposes.
These transfers can be made with minimal processing fees, allowing users to avoid the high fees charged by traditional financial institutions. However, the latest news on cryptocurrencies indicates that without a central repository, a balance of digital cryptocurrencies can be wiped out by a computer glitch, a hack, and other unexpected events.
Today, cryptocurrencies have become a global phenomenon known to most people.
Few people know that cryptocurrencies emerged as a by-product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.
However, investing or buying in cryptocurrencies is easier than it seems. It must be remembered that these are virtual currencies, so they will be controlled in wallets or purses that share this peculiarity, since unlike regular money, they do not have a physical support.
Bitcoin is trading at $61,105.19 today, which implies a change of 0.86% in the last few hours.
Ethereum has moved 1.89% in the last 24 hours, bringing its value to $2,413.13.
Regarding Tether US, it is trading at $1, so in the last day it had a movement of 0.03%.
BNB is valued at $566.85, with a change of -0.6%, while Litecoin is valued at $65.11, with a change of 0.86%.
Dogecoin, one of the virtual currencies promoted by Elon Musk himself, is worth $0.11 after a change of 0.39% in the last 24 hours.
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